Avanti Feeds up 12% ,announces dividend f Rs 6.75 per sh.
On 7th June, 2024 , Avanti Feeds made a high of 12% from the previous day’s close. The closing price of the share is Rs. 615 against previous close of Rs.565.25 .
Avanti Feeds gave a fresh breakout after 2 years of trading in a same range and made crossed 52 week high today.
Avanti Feeds
Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp . The company is the largest producer of shrimp feed in India with a market share of 45% in the domestic feed business.
Avanti Feeds Dividend 2024
On 22 May,2024 , Avanti Feeds recommended a Final dividend of Rs 6.75 per share. The Record Date & Payment Date of the Dividend are not yet announced . The dates will be announced by the company after the dividend is declared by the shareholders in the Annual General Meeting .
Avanti Feeds Financials
The Market Cap of the company is Rs 8,357.31 Cr . Its P.E ratio is 24.4 against the Industry P.E of 33.5 . The ROE is 16.0 % & ROCE is 21.2 % . The company is almost debt free.
The Quarterly datas are : (Amt in crores)
THE DATAS GIVEN BELOW ARE CONSOLIDATED FIGURES OF THE COMPANY-
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 1,093 | 1,554 | 1,278 | 1,253 | 1,284 |
| Operating Profit | 134 | 138 | 94 | 97 | 130 |
| OPM % | 12% | 9% | 7% | 8% | 10% |
| Net Profit | 101 | 115 | 83 | 83 | 113 |
The Percentage increase in the datas are :
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales % Increase | – | 42.18% | -17.76% | -1.96% | 2.47% |
| Operating Profit % Increase | – | 2.99% | -31.88% | 3.19% | 34.02% |
| Net Profit % Increase | – | 13.86% | -27.83% | 0.00% | 36.14% |
The Annual Datas are: (Amt in Crore)
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Sales | 5,087 | 5,369 |
| Operating Profit | 395 | 458 |
| OPM % | 8% | 9% |
| Net Profit | 312 | 394 |
| Dividend Payout % | 31% | 26% |
The data shows there is increase in Sales by 5.54% while the Net Profit increases by 26.28% .
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